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Online Saver

Variable interest rate


On balances of $5,000 or more
Terms and conditions apply

Our online savings account lets you save what you can and withdraw when you want, without fees or interest charges.

Existing customer? Login to internet banking

Why us?

What you get

“Ethical banking and great products and services. My experience has been excellent. They practice what they preach, no lending to fossil fuel businesses. Ethical banking, why would you bank anywhere else?”
Review by Quinco.

Online access only

Online Saver requires the Bank Australia App or Internet Banking to check your savings, pay bills or move money.

No monthly fees

With no account fees, deposit fees or online transfer fees, it’s just straightforward savings.

Instant transfers

Move money instantly with Osko. And use PayID to pay and be paid the simple way.

Round UP 

Grow your savings with small change. Eligible purchases on your Visa Debit card are rounded up to the nearest $1, $5 or $10.

Joint accounts

Open an account with another person. Joint accounts are available with any of our transaction or savings accounts.

Best-in-class security

Know your money is safe with card controls, security alerts and more.

Savings buckets

Organise your savings into buckets – think ‘home deposit’ and ‘holidays’ – simply by opening a second Bank Australia savings account, like Bonus Saver.

Direct access

Check your balance and access your online savings at any time in the app or internet banking.

Rates, fees, terms and conditions

Current interest rates

Effective 18 December 2023
Interest (p.a.)
$0 - $4,999.99
$5,000 - $149,999.99

Funds available at call and accessed via internet banking and app.
Interest rate is variable, calculated daily on whole of balance and credited monthly.

Eligibility criteria

People aged 13+
Aged under 13? Read about how to open an account in our in trust account eligibility criteria

People living in Australia as a permanent resident or with a relevant work visa

Single and joint account holders

Fees and charges

We’ll waive the staff-assisted withdrawal fees if you:

Exceeding available funds fee
$10 plus Debit interest charge rate
Debit interest charge rate
Dishonour fee
Staff assisted withdrawal fee
$2.50 (unless waived as listed above)

For all fees and charges please refer to Fees, Charges and Transaction Limits

General advice

Information provided is of a general nature only. In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents below and Target Market Determination before making a decision to apply for products with Bank Australia.

Terms, conditions, fees and charges are applicable as outlined below.

Product disclosure documents

Future interest rates

Effective 3 July 2022
Interest (p.a.)
$0 – $4,999
$5,000 – $149,000

Join the clean money revolution

It’s easy to open an online savings account. Get started in less than 5 minutes – all you need is your driver’s licence or passport, and your Medicare card.

Open now

Savings account support

Need support with banking?
Head to our help section for more information.